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Older Americans rely on credit cards as their financial safety net and pay down less of their debt than younger consumers, a new study shows. Last year, the low- and middle-income 50-plus population had an average credit card balance of $8,278, compared with the younger generation's balance of $6
In the media
Christine Dugas
WHAT: Telephone press conference to demand an end to the growing threat to our democracy posed by voter suppression and unlimited corporate and special interest spending in elections. Momentum is growing nationwide, with more organizations, policymakers and citizens calling for change. On the call
Press release/statement
As unemployment rates continue to decline, not enough attention is being paid to the kinds of jobs that are being created. A new report from the Working Poor Families Project shows exactly why we need to consider job quality, not just job creation. Analyzing Census Bureau data, the report finds that
Blog
J. Mijin Cha
Tonight on NBC Nightly News, Chris Jansing reports on a new study that shows Americans age 50 and older are carrying an average of $8278 in credit card debt, thousands more than younger people. In addition, nearly 18 percent of those nearing retirement said they are using their retirement funds to
In the media
Chris Jansing
Inside of New York’s Javits Convention Center this morning, Walmart US President and CEO Bill Simon took the stage before a crowd of industry leaders to talk about how retail can play a central role in revitalizing the American economy.
Blog
Catherine Ruetschlin
This is not a good idea. The New York Times is shutting down its environment desk. The justification for closing the desk is that the environmental beat is no longer siloed.
Blog
J. Mijin Cha
This wasn’t a good week for Walmart. The business model of the nation’s largest private employer is built on a lack of accountability.
Blog
Amy Traub
The United States isn't the only country that has a problem with giant banks that take too many risks, are not transparent, and are effectively above democratic oversight. The U.K. has the same problem, and in fact, that country's economy is even more financialized than the U.S.'s -- with all the
Blog
David Callahan
In his State of the State yesterday, New York Governor Andrew Cuomo laid out his plan to make the state a clean tech leader. Cuomo proposed extending a program to increase solar panel installations for homes and businesses and investing in an electric car network with statewide charging stations and
Blog
J. Mijin Cha
A New York Times article yesterday reported that Fix the Debt, the deficit hawk group which positions itself as a neutral body of wisemen, includes a number of corporate lobbyists and board members.
Blog
David Callahan